The Lisbon Reporter

WELCOME TO THE LISBON REPORTER. In an effort to keep our community informed of what is going on at local and Federal levels of government, we decided to create this on-line newspaper. It is our hope that this on-line newspaper will help you stay informed so that you can get involved and take action for the benefit of our ENTIRE community. Thank you for visiting and please check back frequently for information about what is happening in LISBON/LISBON FALLS, MAINE USA

Friday, September 30, 2011

Has Northrop Grumman Scammed The U.S. Taxpayers?

Shipbuilder says it’s under federal civil probe

The Associated Press

NEW ORLEANS — Huntington Ingalls Industries Inc. has disclosed a federal civil investigation into allegations that its former parent — defense giant Northrop Grumman Corp. — used Hurricane Katrina relief funds to improperly recover shipbuilding costs.

In its latest quarterly filing with the Securities and Exchange Commission, Newport News, Va.-based Huntington Ingalls said it is cooperating with the investigation and denies the allegations. According to the filing, Huntington Ingalls is targeted by a whistleblower suit filing asking for at least $835 million.

The filing does not disclose what shipyards may be involved. Huntington Ingalls owns yards in Pascagoula, Miss., and Avondale, La.

The Pascagoula yard competes with Bath Iron Works in Maine for Navy destroyer contracts. They are the only two shipyards in the United States to build destroyers. The yard, and the entire community of Pascagoula, was heavily damaged by Katrina.

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